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Dec 5, 2012
12/12
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economy. -- >> what is the way to do that and not hurt the u.s. economy? >> we need really, really fundamental tax reform. we also need entitlement reform, and we also need to use cost-benefit analysis. what shocked me about what the president put out is the cost- benefit analysis that they put out. they were proposing things that were twice the costs of their own benefits. i am sorry. if you run a government like that, you will go bankrupt. the rest of it is an exercise. we may as well go off the cliff or not. it really does not matter. if it is not january 1, it is not going to be too long from now before we start taking a sharp pencil to things. >> i sympathize with what larry is saying. what i am proposing, and what we are actually debating here is not to solve all of our problems ad infinitum into the future. there should be to solve this over the next decade so we get to a stable place. that is very doable in the context of the debate we are having now. if we get $3 trillion and debate the arithmetic, i think that is using reasonable assumptions abou
economy. -- >> what is the way to do that and not hurt the u.s. economy? >> we need really, really fundamental tax reform. we also need entitlement reform, and we also need to use cost-benefit analysis. what shocked me about what the president put out is the cost- benefit analysis that they put out. they were proposing things that were twice the costs of their own benefits. i am sorry. if you run a government like that, you will go bankrupt. the rest of it is an exercise. we may as...
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Dec 9, 2012
12/12
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FOXNEWS
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maybe takes rates take a year to kick in because the economy is fragile. people who are out of a job don't want the economy to tank further. they want a job in 2013. congress has to be very careful to get a deal that actually doesn't put us back into recession. as you know, there's not a lot of confidence in congress so there's fear congress will mess it up. >> that's been the situation for a long time. people want to unfasten their seat belts on this. we'll keep a close eye on it. we appreciate you joining in. >> thank you. >> from down here on earth to up there in the lunar skies, marking a huge milestone in human spaceflight. can you believe it's been 40 years since we sent the last manned mission to the moon captivating a worldwide audience. neil cavuto spent the last few months meeting with heroes who rescued everything. >> america's challenge of today, forged man's destiny of tomorrow. >> you were the last human being to touch that surface. how does that make you feel? >> humble. >> we leave as we came and god willing, we shall return. [ inaudible ]
maybe takes rates take a year to kick in because the economy is fragile. people who are out of a job don't want the economy to tank further. they want a job in 2013. congress has to be very careful to get a deal that actually doesn't put us back into recession. as you know, there's not a lot of confidence in congress so there's fear congress will mess it up. >> that's been the situation for a long time. people want to unfasten their seat belts on this. we'll keep a close eye on it. we...
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Dec 12, 2012
12/12
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FBC
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meanwhile, is more fed stimulus needed to boost our economy? is the fed actually doing more harm than good? federal reserve policymakers meeting today and tomorrow to discuss more monetary policy. now, it's the last time they get together this year, and some say get ready for the launch of qe4 potentially as soon as tomorrow. that news made investors happy today with the dow rising for the fifth day in the row. s&p ending at the best level since election day. joining me the federal reserve governor wayne engle. governor, thank you for being with us. doing more harm than good by putting more money in the system? there's a law that diminishing returns that kicks in. >> well, it doesn't have to be that way. it is that way somewhat because the fed is paid that 25* -- 25 basis points for banks to hold sterile rereceivers, and the regulatory thrut is don't make loans. make loans, criticize them, and so the hassle over regulatory restraint on lending and paying to excess reserves has left us th not a very effective monetary policy at this time. tracy:
meanwhile, is more fed stimulus needed to boost our economy? is the fed actually doing more harm than good? federal reserve policymakers meeting today and tomorrow to discuss more monetary policy. now, it's the last time they get together this year, and some say get ready for the launch of qe4 potentially as soon as tomorrow. that news made investors happy today with the dow rising for the fifth day in the row. s&p ending at the best level since election day. joining me the federal reserve...
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Dec 7, 2012
12/12
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CURRENT
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that is what the economy needed. i think our problem is we didn't get enough. >> eliot: it's fascinating you articulated this way. judge poser was an iconic voice within the chicago school of economic supply. he went through the same transformation saying different circumstances call for different responses. you don't disavow of word of margenal rates. >> that's exactly right. i don't understand this idea of cocky cutter economics where you simply do the same thing regardless of circumstances. you analyze the data, look at the economy, you come up with policies that are appropriate. >> eliot: now, you have been a rather harsh critic of the way the second president bush ran the economy basically saying he disa vowed principles and put in place massive spending without caring about deficits at all. you were there. what happened as you saw this and did you push back? >> oh, yes i wrote a book called imposter, president bush destroyed the economy. which got me fired from my think tank job. it was contrary to conservative
that is what the economy needed. i think our problem is we didn't get enough. >> eliot: it's fascinating you articulated this way. judge poser was an iconic voice within the chicago school of economic supply. he went through the same transformation saying different circumstances call for different responses. you don't disavow of word of margenal rates. >> that's exactly right. i don't understand this idea of cocky cutter economics where you simply do the same thing regardless of...
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Dec 12, 2012
12/12
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CSPAN
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the economy is quite weak right now. we should see much stronger lower. we want to see policies put in place that strengthen the economy and also begin to tackle this longer term spending issue we have driven primarily through entitlements. when it comes to those, there are a number of very broad, bipartisan support of the recommendations easily available to the president and speaker boehner and other leaders want to come together and get serious about making a down payment on our fiscal future. that leads me to the fourth issue -- it is possible to solve this without raising taxes. i know this because at the heritage foundation, we have done this as part of the product by the petersen foundation. plan. i have it right here. shameless promotion, i know. it is a choice. maybe a political one, but not economic. we balance the budget within 10 years. even warren buffett, who is been a champion of raising taxes on the wealthy to make sure they pay their fair share, would not raise revenues over 18.5% of gdp. so we need to think about is it necessary, if you g
the economy is quite weak right now. we should see much stronger lower. we want to see policies put in place that strengthen the economy and also begin to tackle this longer term spending issue we have driven primarily through entitlements. when it comes to those, there are a number of very broad, bipartisan support of the recommendations easily available to the president and speaker boehner and other leaders want to come together and get serious about making a down payment on our fiscal...
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Dec 11, 2012
12/12
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CURRENT
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good economy and wise wisdom. thanks for soming by. >> good to see. >> you coming i think the number one thing that viewers like about the young turks is that we're honest. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. but when joint pain and stiffness from psoriatic arthritis hit even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections tuberculosis lymphoma, other cancers, and nervous system and blood disorders have occurred. your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like
good economy and wise wisdom. thanks for soming by. >> good to see. >> you coming i think the number one thing that viewers like about the young turks is that we're honest. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. but when joint pain and stiffness from psoriatic arthritis hit even the smallest things became difficult. i finally understood what serious joint pain is like. i talked...
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Dec 5, 2012
12/12
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CURRENT
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we can't have a productive economy that's in service of wall street. the hyper trading is only bad for creating those markets. i think we should have a very small fractional transaction tax that would then go into help them pay for the bailout and actually, it's not good to be doing all that hyper trading. >> i think you should be secretary treasure you are. thanks for coming on the show. >> fox news chairman flexing his political muscle, caught on then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is that? so weird, right? my agent, tom, said... [ voice of dennis ] ...only allstate sends you a bonus check for every six months you're accident-free... ...but i'm a woman. maybe it's a misprint. does it look like a misprint? ok. what i was trying... [ voice of dennis ] silence. ♪ ♪ ask an allstate agent about the safe driving bonus check. are you in good hands? [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees like our tender snow crab paired with savory garlic shrimp. jus
we can't have a productive economy that's in service of wall street. the hyper trading is only bad for creating those markets. i think we should have a very small fractional transaction tax that would then go into help them pay for the bailout and actually, it's not good to be doing all that hyper trading. >> i think you should be secretary treasure you are. thanks for coming on the show. >> fox news chairman flexing his political muscle, caught on then how'd i get this... [ voice...
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Dec 13, 2012
12/12
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FBC
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we have to talk about this market has been on a tear. >> there is a big economy. there is almost and even divide in both sies of wall street. once i think that it's going to be a horrible year. the other side thinks that this is going to be an agreement and everything will be hunky dory and we will move on. brinkley, this is actually kind of our conversation about earnings. earnings are at the forefront of the market. right now is the as the markets have been going up, it is basically like them saying that i haveeen doing great in school and the earnings season is when you get to see the report card. that little johnny do the right thing. the analysts are telling us as we move along with the teachers are getting a checkup. they are sticking by, holding out their outlooks. right now, i think the people don't know. the market doesn't move much. they came back to where it was at that time. not a lot of movement. a lot of volatility. >> i hear what you're saying. thankfully, we arecoming back to fundamentals again. we were trading on nonsense for a while. our companie
we have to talk about this market has been on a tear. >> there is a big economy. there is almost and even divide in both sies of wall street. once i think that it's going to be a horrible year. the other side thinks that this is going to be an agreement and everything will be hunky dory and we will move on. brinkley, this is actually kind of our conversation about earnings. earnings are at the forefront of the market. right now is the as the markets have been going up, it is basically...
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Dec 11, 2012
12/12
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CURRENT
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good economy and wise wisdom. thanks for soming by. >> good to see. >> you coming up, a showdown on civil rights. i want to have that conversation. let's talk about it. really. really! that you're gonna lay people off because now the government's going to help you fund your health care. really? i wanna be able to have those conversations. not just to be confrontational but to understand what the other side is saying. and you know, i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. [ male announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15 seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to red lobster. yep. [ male announcer ] come try our
good economy and wise wisdom. thanks for soming by. >> good to see. >> you coming up, a showdown on civil rights. i want to have that conversation. let's talk about it. really. really! that you're gonna lay people off because now the government's going to help you fund your health care. really? i wanna be able to have those conversations. not just to be confrontational but to understand what the other side is saying. and you know, i'd like to arm our viewers with the ability to...
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Dec 6, 2012
12/12
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not a pro on the economy. i think we need to invest and there's a sweet spot comes up in infrastructure in particular that offers a real opportunity. >> jay, my question. as far as when you talk about that sweet spot, if we're going to start seeing inflation through the roof, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you said, there are places that business can succeed. is it government-infused money to get there, or is it going to be actual, real, american dollars in there? >> susan, that's really the opportunity. first of all, i don't think inflation is a concern for years. in order for inflation to be a concern it it has to get into the wage cycle. we're far from that. the needs are clear. ports, roads, transport rail and plus protection against extreme weather. on the other side demand. the demand for infrastructure investments isle comin
not a pro on the economy. i think we need to invest and there's a sweet spot comes up in infrastructure in particular that offers a real opportunity. >> jay, my question. as far as when you talk about that sweet spot, if we're going to start seeing inflation through the roof, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you...
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economy. describe the u.s. economy through those figures. >> u.s. economy is creating jobs. right? which means that it's doing a bit better and some people have decided that they were going to open new positions, which is a sign of trust in the economy. in addition to that, you have got a housing sector, which has begun to pick up, at least it's bottoming out now. you've got households that have reduced their debt in general, so you have quite a few signs that the situation is beginning to improve from, you know, five years of crisis, essentially. yet not all numbers are good. if you look at the deficit, high, much higher in the u.s. than in the euro zone for instance. if you look at debt, much higher than many countries in the euro zone, including spain, germany, france. yet, the united states of america is able to borrow at the lowest rate in pretty much its whole recorded history. so you have a very, very diverse landscape at the moment, but certainly one that could be significantly improved, or worsened by the situation that we have concerning the fiscal cliff, the fiscal defic
economy. describe the u.s. economy through those figures. >> u.s. economy is creating jobs. right? which means that it's doing a bit better and some people have decided that they were going to open new positions, which is a sign of trust in the economy. in addition to that, you have got a housing sector, which has begun to pick up, at least it's bottoming out now. you've got households that have reduced their debt in general, so you have quite a few signs that the situation is beginning...
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Dec 10, 2012
12/12
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WJLA
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it showed the economy is still on a track of city growth and the people have not lost confidence that a deal will be struck. >> the unemployment rate ticked down again. like he said during the campaign these come out on the first friday of the month and we talk about them all along. this week it pop for about half an hour and everyone forgot about it. it really shows that at the end of the day the jobs reports are much more indicative of what is already going on as opposed to a signal. >> day think it gives the president leverage in these fiscal cliff negotiations? >> the president is making the case that the economy is getting better but still fragile and sea and the republicans have both said the country goes over the fiscal cliff it will be very bad for the economy. >> it shows people are still confident -- at what point will that confidence start to wayne? >> probably when we get around christmas or get down to the very last days before the end of the year. these things never get done until both sides backs are up against the wall and the calendar is about to run out. the other si
it showed the economy is still on a track of city growth and the people have not lost confidence that a deal will be struck. >> the unemployment rate ticked down again. like he said during the campaign these come out on the first friday of the month and we talk about them all along. this week it pop for about half an hour and everyone forgot about it. it really shows that at the end of the day the jobs reports are much more indicative of what is already going on as opposed to a signal....
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Dec 10, 2012
12/12
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FOXNEWSW
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economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more days. the house g.o.p. requires that the bill be posted for parts of three days which means early next week in order for votes by the end of next week. veterans of past capital hill battles note the whip operation convincing lawmakers to vote for the legislation they barely seen will be critical. >> likely that both sides, the president and the speaker are going to have to twist arms, they are going to have to call people. they are going, you know, do anything they can to push a deal over the line. >> with christmas eve in two weeks, the president, lawmak
economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more...
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Dec 6, 2012
12/12
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this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. i don't know how any of us can look our kids and grandkids in the eye and explain to them that we aren't willing to pay for the things we are enjoying today but just going to send them the bill. that's why republicans have the proposal on the table that fixes the problem, puts us on the course to solve the problem, which is the out-of- control spending side of the l
this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. the big things. this is our moment to provide that leadership that america desperately wants and we stand here...
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Dec 13, 2012
12/12
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CNBC
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economy? and three of wall street's top stock pickers come up who will give you a game plan and moments away from the president's and speaker boehner's meeting at white house. stay with us. or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone level
economy? and three of wall street's top stock pickers come up who will give you a game plan and moments away from the president's and speaker boehner's meeting at white house. stay with us. or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense,...
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Dec 9, 2012
12/12
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CNNW
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economy? >> i don't think that it's enough. there is still that degree of uncertainty, that fuels doubt, that prevents investors, entrepreneurs, and house olds from making decisions, because they don't know what tomorrow will be. they know a fix has been found for today, but there is still work to be done. it would be much better to have a comprehensive approach. >> what is your level of confidence right now three weeks before something needs to be done? >> well, my confidence is deeply rooted in the affection that i have for the united states. it's history, it's characteristics, it's culture. i believe there is a sense of being practical, addressing the issues, rather than dancing around and avoiding issues that i have seen in this country and that is described by many observers, economists or writers, and i certainly hope that sense of pragmatism will prevail, and will bring people to look at a broader picture than, you know, what happens within the beltway if i may say. >> you also, i think
economy? >> i don't think that it's enough. there is still that degree of uncertainty, that fuels doubt, that prevents investors, entrepreneurs, and house olds from making decisions, because they don't know what tomorrow will be. they know a fix has been found for today, but there is still work to be done. it would be much better to have a comprehensive approach. >> what is your level of confidence right now three weeks before something needs to be done? >> well, my confidence...
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Dec 13, 2012
12/12
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FBC
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what will it mean to the economy and the markets? >> well the basic change that we see, is in compared to operation twist, now fed is a net buyer of treasures, their balance sheet will increase about a trillion dollars over the next year that is very much unchartered waters, but it means more liquidity in the system, and as president lacker -- said, you know this threatens our inflation credibility for fed in general. this is a little trick here. lou: threatens it or throws it out the window, fed has said to hell with inflation, they are acting like it is 2009 all over. >> what bothered treasury market. and the commodities market and the dollar, was all of a sudden we went from 2% inflation target to 2.5%, and like wait a minute, we just upped our inflation number? that changed market expectation. i think that fed, and chairman bernanke in his question and answer period, tried to indicate, 2% is our long run target but we'll tolerate 2.5, but in world of pog ticks and economy -- in the world of politics and economics is is going to b
what will it mean to the economy and the markets? >> well the basic change that we see, is in compared to operation twist, now fed is a net buyer of treasures, their balance sheet will increase about a trillion dollars over the next year that is very much unchartered waters, but it means more liquidity in the system, and as president lacker -- said, you know this threatens our inflation credibility for fed in general. this is a little trick here. lou: threatens it or throws it out the...
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Dec 12, 2012
12/12
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MSNBCW
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> it was a rough year for the froo truth out on the campaign trail. and we called out many of the, um, untruths. but, now, politifact has named the top lie of the year. drum roll, please. and the political lie of the year is, the romney campaign ad that said president obama's policies meant jeeps were now being made in china. they called it braisingly false. let's play it one more time. i'm feeling nostalgic.
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪...
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Dec 13, 2012
12/12
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FBC
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cutting government spending is good for the market and it's good for the economy. all of this nonsense about we can't take spending cuts, that is the same logic that led to the idea of the $800 billion stimulus bill will get us out of this mess. the other part of this equation is whether those tax increases on investment -- capital gains, dividends, small business taxes will go up. you know, i'm very nervous about that. this is a really bad idea to raise taxes on capital gains and dividends. whether it puts us into a double dip, i don't know. but it certainly could give a shock to the economy. >> ben bernanke saying he's out of their suitcase and he's got nothing left, right? is that he's basically saying? >> he said this could be going on for years and years to come. what you have is a maximum amount of stimulus. and that is being financed by enormous amount of financing. tracy: that's something we have to talk more about. it could be very ugly enough the end of the day, it could be very interesting. all right, do you think we are headed off the fiscal cliff? let
cutting government spending is good for the market and it's good for the economy. all of this nonsense about we can't take spending cuts, that is the same logic that led to the idea of the $800 billion stimulus bill will get us out of this mess. the other part of this equation is whether those tax increases on investment -- capital gains, dividends, small business taxes will go up. you know, i'm very nervous about that. this is a really bad idea to raise taxes on capital gains and dividends....
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Dec 7, 2012
12/12
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i know it's in the best interest of our economy and the world. everyone is looking to the united states for leadership and this president has exerted so much leadership, we need to continue that. it's not one party benefiting over another. it's for all americans to benefit for our economy to repair itself and for us to get on with taking care of the people that we represent. >> now, john boehner, e.j., some reports say he's been receiving a lot of is support from his caucus. others are saying that some of those are still holding a lot of strength and they've got to watch their back that they are not undermined and given candidates in primaries against them as they go forward. what is the state of the republican party and how will that impact these discussions? >> well, i think two things are true at the same time. the tea party conservatives haven't gone away. some of them lost but most of them got re-elected and so they are going to put pressure on boehner. the talk show host, particularly rush limbaugh, are going to be out there talking negativ
i know it's in the best interest of our economy and the world. everyone is looking to the united states for leadership and this president has exerted so much leadership, we need to continue that. it's not one party benefiting over another. it's for all americans to benefit for our economy to repair itself and for us to get on with taking care of the people that we represent. >> now, john boehner, e.j., some reports say he's been receiving a lot of is support from his caucus. others are...
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Dec 11, 2012
12/12
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FBC
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rear the most powerful economy in the world. demographically we are a healthy nation was the trd most populous nation eve through 2015. the noon and we are eclipse has been wrong. the is trut the center of gravity is shifting toward asasia but away from eope and not away from the united states. that argues for the posse the administration has adopted cultivatg those relationships. with trade and investment opportunities. we do that. it is the righthg to do. >> when union shows power aninfluence of drug use and to get liquor up at work. caught on video. and navy pacific fleet commandetomorrow. the "a team" will assess all of that. silencfrom the president and spear boehner their negotiations. negotiations. stay with us. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomachcid from splashing up- relieving the pain quickly. try fast, long lasting gavisco®. to the numbe1 club in the world. nyse euron unlocking e wo
rear the most powerful economy in the world. demographically we are a healthy nation was the trd most populous nation eve through 2015. the noon and we are eclipse has been wrong. the is trut the center of gravity is shifting toward asasia but away from eope and not away from the united states. that argues for the posse the administration has adopted cultivatg those relationships. with trade and investment opportunities. we do that. it is the righthg to do. >> when union shows power...
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Dec 11, 2012
12/12
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at a time when our economy is coming back. instead of bringing people together, he is driving a wedge between people. this is energizing people. it's an emotional issue. and i believe that people are going to turn out and make sure that their voices are heard. in fact we expect to see that tomorrow on the grounds of the state capitol when thousands of people have their voice heard. i just hope the people inside the capitol actually listen. >> cindy, who benefits from right-to-work legislation? >> no one benefits from right-to-work legislation. we know, and you said earlier that it means lower wages. it means less jobs. the only ones that think they're going to benefit are outside groups like alec and the koch brothers. they think they're going to break unions, that they're going to break communities so there is more for corporate ceos. what we're going to show them is the opposite. this is going to inspire us and galvanize us. the only way you're going to recreate michigan or any state is if everyone is at the table. right-to-
at a time when our economy is coming back. instead of bringing people together, he is driving a wedge between people. this is energizing people. it's an emotional issue. and i believe that people are going to turn out and make sure that their voices are heard. in fact we expect to see that tomorrow on the grounds of the state capitol when thousands of people have their voice heard. i just hope the people inside the capitol actually listen. >> cindy, who benefits from right-to-work...
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of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative base. they put the re-knews on the table. what troubles me -- now that the ball is in the white house court, right? what troubles me is lack of political will on the white house, we haven't seen yet. particularly on spending and entitlement reform. voices in the deckic party saying that this was a mandate to walk away from debt reduction. that is troubling. >> charles lane do you see anything out there to give the business confidence to hire people again? >> well, there is just, i agree with nina. too many unkn
of the economy. businesses who hire people who create jobs which nancy pelosi is looking for are looking for political will out of washington. they are looking for certainty on the fiscal cliff. certainty that debt reduction, there will be debt reduction, that entitlements will be brought under control. looking for certainty on taxe taxes. until this happens, there isn't going to be that certainly. i have to say that the republicans showed the political will. they stood up, to the conservative...
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impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will realize take a step and take it now and give the president something he can sign. >> that has to be the last word. thanks, guys. >>> from the downward slope of the cliff to the upward climb on jobs, a big surprise in the november jobs numbers. it's a step in the right direction, but ali velshi will join me with a look at why we need to do much more. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping mil
impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will...
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and when the economy stalls, when the economy sputers, when people lose their jobs, they know which party to blame, the party of high taxes. let's don't be the party of just almost as high taxes. >> some people have called that the doomsday scenario. others have said it's a strategic retreat on the republicans' behalf. would you vote present for that in the senate if it comes up? >> i don't think we have to in the senate. i'm happy not to filibuster it and i will announce tonight on your show that i will work with harry reid to let him pass his big old tax hike with a simple majority if that's what harry reid wants because then they will be the party of high taxes and they can own it. >> i want to ask you one quickie. your friend and mine, senator jim demint, resigning from the senate. going to take over as head of the heritage foundation. he is a great free market defender of capitalism. what do you make of jim demint leaveliing the senate? >> i think there's two ways to look t a it. the way i look at it, i've jokingly said he's going to a better place. but i really am serious about that
and when the economy stalls, when the economy sputers, when people lose their jobs, they know which party to blame, the party of high taxes. let's don't be the party of just almost as high taxes. >> some people have called that the doomsday scenario. others have said it's a strategic retreat on the republicans' behalf. would you vote present for that in the senate if it comes up? >> i don't think we have to in the senate. i'm happy not to filibuster it and i will announce tonight on...
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we'd jam the economy into a devastating recession. i mean, david said it well in his piece this morning. if you think the fiscal cliff is a problem, this kind of hostage taking around the debt ceiling is multiples of that and the president is, i think, very correct to stand extremely firm and be extremely clear that he's not going to play that game. >> karen, the politics of this are frightening for the republicans. the latest polling does not support their stance. and given that they spent four years obstructing this president and failed, why do it again from the outset of his second term? >> well, you know, there's good news for the republicans, martin. karl rove's group, crossroads gps is going to spend some money for some ads, and we know that's a successful strategy in convincing the american people. >> that's good news. >> i can't pass that chance up to do that. >> i understand. >> i think part of what's so important about the polling, we talked about this on monday and the quinnipiac polling you were showing, the republicans ha
we'd jam the economy into a devastating recession. i mean, david said it well in his piece this morning. if you think the fiscal cliff is a problem, this kind of hostage taking around the debt ceiling is multiples of that and the president is, i think, very correct to stand extremely firm and be extremely clear that he's not going to play that game. >> karen, the politics of this are frightening for the republicans. the latest polling does not support their stance. and given that they...
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, to give the economy a boost. are you expecting even more still lawes luce? >> i don't think that the federal reserve stimulus is the issue here? >> okay. >> i think the issue here is an extraordinary and having trrkd -- the way they did it was to say what's the expected rate of return on a particular project and if it's 20%, that's great, but let's ask the second question. what is the dispersion of those calculations? if it turns out that that 20% on average represents partially 10% loss or 40% gain, that p will be rejected, and what we're look at at this stage is a very as a matter of fact uncertainty and it's reflected in the fact that the spread between say the 30-year u.s. treasure yelled which brings up the short-term stuff. that got to the widest level in american history. >> let me ask you about monetary policy. is there a down side to what the fed is doing saying the fed is basically bailing out the white house, we need fiscal policy and tax structure chamber of commerce? do you think there's a conflict h
, to give the economy a boost. are you expecting even more still lawes luce? >> i don't think that the federal reserve stimulus is the issue here? >> okay. >> i think the issue here is an extraordinary and having trrkd -- the way they did it was to say what's the expected rate of return on a particular project and if it's 20%, that's great, but let's ask the second question. what is the dispersion of those calculations? if it turns out that that 20% on average represents...
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you are not going to achieve what you want for national security and the national economy by doing this. >> senator, i appreciate you coming on. you are aware of the breaking news developing and you did not cancel and you came on regarding this investigation of a senate intern arrested. someone who worked in your senate office. thank you so much, sir. our "news nation" gut check is up next. do you think unions helped agree the middle class? how you can weigh in on that big question. male announcer ] truth, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! . >> welcome back. things we thought you should know. eric holder took a fight against voter suppression for calling against el vibl voters. the comments in boston yesterday echoed president obama's cent imts on election night when he addressed the long lines at the polls and said we have to fix it. former president jimmy carter weighing in on whether marijuana shou
you are not going to achieve what you want for national security and the national economy by doing this. >> senator, i appreciate you coming on. you are aware of the breaking news developing and you did not cancel and you came on regarding this investigation of a senate intern arrested. someone who worked in your senate office. thank you so much, sir. our "news nation" gut check is up next. do you think unions helped agree the middle class? how you can weigh in on that big...
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Dec 13, 2012
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what's that doing for economies? they are looking for yield, junk bond issuance at its highest level ever by allotted, so you're seeing -- that's where this trade is going to keep going. investors setting themselves up for a lot of trouble. the third thing is now basically investors are at sea. what do you do? i'll tell you a very telling story. bank of america 2013 outlook. they are super bullish and hung a 1600 on the s&p next year and said the biggest downside risk improvement in the u.s. economy because that might get the fed to scale back. that's how you show how dependant we are and what little confidence they have of what's going on in washington. >> does that mean if we get a deal any time soon out of washington that the market rallies and the volatility ends, or what are you expecting? >> i think the volatility will end somewhat at that point. as the other guests have said, i think there is tremendous pent-up risk-on momentum here, and i think it will carry on into the new year. the investments will be worth
what's that doing for economies? they are looking for yield, junk bond issuance at its highest level ever by allotted, so you're seeing -- that's where this trade is going to keep going. investors setting themselves up for a lot of trouble. the third thing is now basically investors are at sea. what do you do? i'll tell you a very telling story. bank of america 2013 outlook. they are super bullish and hung a 1600 on the s&p next year and said the biggest downside risk improvement in the...
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g >> our economy is moving up, not enough. go over that cliff would be terrible. in her place of work, linda coolercooler head -- prevail. >> we hope that government will work withus so we can them. on that talk shows today, said he wouldrker agree to higher taxes a the wealthy if it meant chance to overhaul costly like medicare. democrats are skeptical of gop proposals. >> thank you. it happened again -- an intruder e into a georgetown university students president. this happened early this morning. woke upn't work at -- d found the intruder. the student was not hurt. ago, a man broke into campus rowhouse and attacked to students in sight. indication than incidents are related. a popular eatery caught fire this morning. investigators say the fire broke at 31st and m street nw. when firefighters searched the building, they found a man bathroomis unconscious. the cause of the fire is under investigation. george's county, fire crews there were involved in a crash while emergency this afternoon. the fire truck and a car collided. driving the vehicle was n to hospital
g >> our economy is moving up, not enough. go over that cliff would be terrible. in her place of work, linda coolercooler head -- prevail. >> we hope that government will work withus so we can them. on that talk shows today, said he wouldrker agree to higher taxes a the wealthy if it meant chance to overhaul costly like medicare. democrats are skeptical of gop proposals. >> thank you. it happened again -- an intruder e into a georgetown university students president. this...
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rear the most powerful economy in the world. demographically we are a healthy nation was the third most populous nation even through 2015. the notion and we are eclipse has been wrong. there is truth the center of gravity is shifting toward asia but away from europe and not away from the united states. that argues for the posse the administration has adopted cultivating those relationships. with trade and investment opportunities. we do that. it is the right thing to do. >> when union shows power and influence of drug use and to get liquor up at work. caught on video. and navy pacific fleet commander tomorrow. the "a team" will assess all of that. silence from the president and speaker boehner of their negotiations. stay with us. ♪ [ engine revs ] ♪ ♪ [ le announcer ] the mercedesenz winter event is bk, with the perfect vehicle that'sust righfoyou, no matter which list you'r on. [ santa ] ho, ho, ho, ho! [ male announ] leasa 2013 ml350 f $599 a month at your local mercedes-benz deale time for citi price rewind. because you
rear the most powerful economy in the world. demographically we are a healthy nation was the third most populous nation even through 2015. the notion and we are eclipse has been wrong. there is truth the center of gravity is shifting toward asia but away from europe and not away from the united states. that argues for the posse the administration has adopted cultivating those relationships. with trade and investment opportunities. we do that. it is the right thing to do. >> when union...
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that is what rose the economy. it is what creates a skilled work force. -- that is what grows the economy. how do we get there? first of law, we need to get -- how do we get them? -- how do we get there? we can have a serious discussion once we get republicans to agree we are not going to end medicare as we know it. once we get that agreement the we will meet our promise to our seniors now and in the future -- we are not going to cut benefits or shift the costs to individual seniors and their families, we are not going to kick people out of nursing homes, which is medicaid, then we can have a serious discussion about how you create that sustainability. >> they seem to have taken those off the table. >> yes and no. they are saying we can cut $400 billion from medicare in the right where and $200 billion out of medicaid. let's have a discussion. the most chronically ill people need to get the health care they need in the most cost-efficient way. that they have health coverage over their lives. that can make a big dif
that is what rose the economy. it is what creates a skilled work force. -- that is what grows the economy. how do we get there? first of law, we need to get -- how do we get them? -- how do we get there? we can have a serious discussion once we get republicans to agree we are not going to end medicare as we know it. once we get that agreement the we will meet our promise to our seniors now and in the future -- we are not going to cut benefits or shift the costs to individual seniors and their...
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>> the concern people have -- the world economy is in a very fragile state right now. i don't have to say what the problems are in the euro zone. but, actually, in the global economy as a whole, there's a lack of confidence and a worry about where it's going. if you're in america disturb by the way, people with a lot of confidence. if you can sort out this issue, even though that doesn't sort ou all of the problems of the american economy, it would be a big boost, i think. it would give people a big sense of confidence. that the decisions were being taken and i think it would be good for you and good for us. i hope you do it. i believe you will. i believe right u no there's very tough obligations. but, you know, the president is being reelected. and i think that gives the situation its own special momentum. and i hope you resolve it and then we're going to have to take some tough decisions over our way, too. >> i hope we resolve it, as well. there was a cute video of hillary clinton here in washington over the weekend. and it had a clip from you in there. play that lit
>> the concern people have -- the world economy is in a very fragile state right now. i don't have to say what the problems are in the euro zone. but, actually, in the global economy as a whole, there's a lack of confidence and a worry about where it's going. if you're in america disturb by the way, people with a lot of confidence. if you can sort out this issue, even though that doesn't sort ou all of the problems of the american economy, it would be a big boost, i think. it would give...
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he's head of the parade and a a badly weakened economy is going to hurt him more than anything. the republicans need to figure out their hand is stronger than they think, and they need to remember they are the ones that control spending and under no circumstances should they ever give obama a blank check or give up their constitutional authority. now four, republicans, and in particular, john boehner, a party that gets trapped, you always suffer and they suffer in particular if they lose the battle over the narrative. that's what's happening to republicans since all the focus is on tacks tacks and not spend. republicans need to take steps like passing real legislation that allows them to talk about their agenda, not what obama needs to talk about, and they have to figure out creative ways to make their case to the american people. it's time that republicans have the courage of their convictions. it is simply immoral to continue to steal from future generations with out of control deficits and now record debt. now going over this cliff to prevent the country from going bankrupt w
he's head of the parade and a a badly weakened economy is going to hurt him more than anything. the republicans need to figure out their hand is stronger than they think, and they need to remember they are the ones that control spending and under no circumstances should they ever give obama a blank check or give up their constitutional authority. now four, republicans, and in particular, john boehner, a party that gets trapped, you always suffer and they suffer in particular if they lose the...
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the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> is this any way to solve the biggest threat to the economy since lehman brothers? "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of a to yahoo! stocks, are suddenly the comeback kids of the fourth quarter. we're separating winners from losers. >>> plus, sell signal. if insiders are heading for the exits, should you be, too? >>> and we're talking real estate and the fiscal cliff with dolly lens. but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in budget talks, given the inflexibility of the white house.
the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> is this any way to solve the biggest threat to the economy since lehman brothers? "fast money" starts right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. back from the brink. from b of a to yahoo! stocks, are suddenly the comeback kids of the fourth quarter. we're separating winners from...
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this was not something that -- may have hurt the economy and something republicans blamed for. look at the numbers. terrible. not just only as a party but particularly in congress right now. you know, this is not -- this is not a long-term winning game i don't think for republicans to hold up every agreement claiming leverage where they don't have it. i think they need to find in order to do better areas they have got more public support than they seem to have on the issues. 60% according to a new politi politico/george washington university poll believes the top should have an increase in taxes. fighting the public and appear to be ideological doesn't seem to work. certainly didn't in terms of knocking president obama off. >> one thing that also didn't work in 2011 was the president ab do kating the role to nancy pelosi and harry reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better result. this is an overall different approach in his leadership whether it's because he's thinking
this was not something that -- may have hurt the economy and something republicans blamed for. look at the numbers. terrible. not just only as a party but particularly in congress right now. you know, this is not -- this is not a long-term winning game i don't think for republicans to hold up every agreement claiming leverage where they don't have it. i think they need to find in order to do better areas they have got more public support than they seem to have on the issues. 60% according to a...
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this is the angst in the economy. even though it's dropped to 7.7%, millions of people have been out of work for 27 weeks or more. long-term unemployment benefits expire on december 29th. this is part of the cliff. it's going to be a tough holiday for a lot of families across the country. last week, we got to point out that the congressional budget office reported we could add 300,000 more jobs by extending unemployment benefits, which you were talking about. it would cost $30 billion. now will republicans agree at least to extend the unemployment benefits or do they just not see any value in doing that. because they're just idealogically opposed to it. >> they only need about 25 republicans to bring to step over to do this. and you're seeing grover norquist's grip fall apart. we really need to do this. this is a really important thing to do to improve the lives of young people. one thing to keep in mind, it is younger workers who are being hurt the most. the job gains are heavily among 55 and over. we don't want to h
this is the angst in the economy. even though it's dropped to 7.7%, millions of people have been out of work for 27 weeks or more. long-term unemployment benefits expire on december 29th. this is part of the cliff. it's going to be a tough holiday for a lot of families across the country. last week, we got to point out that the congressional budget office reported we could add 300,000 more jobs by extending unemployment benefits, which you were talking about. it would cost $30 billion. now will...
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give in on taxes and take the economy hostage again. congressman chris van hollen responds tonight. >>> somehow raising the medicare eligibility age is back in the fiscal cliff discussion. david cay johnston says it would be a betrayal to do it, and he's here tonight. >> what we shouldn't be doing is try to take away your rights to bargain for better working conditions. >> in michigan, the president stands up for workers like he has never done before. >> these so-called right the work laws, they don't have to do with economics. they have everything to do with politics. >> tonight the president's big speech, and why the fight in michigan is an assault on workers everywhere. >>> plus, major news on a white house push for immigration reform. in 40 years after man's last trip to the moon, a return voyage may be a reality. astronomer derrick pitts will tell you why the golden spike is a big deal. good to have you with us, folks. thanks for watching. the new republican strategy is to take the american economy hostage when they don't get what
give in on taxes and take the economy hostage again. congressman chris van hollen responds tonight. >>> somehow raising the medicare eligibility age is back in the fiscal cliff discussion. david cay johnston says it would be a betrayal to do it, and he's here tonight. >> what we shouldn't be doing is try to take away your rights to bargain for better working conditions. >> in michigan, the president stands up for workers like he has never done before. >> these...
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. >> that's because the underlying economy is improving. now you get china. if europe can stabilize, i think we can go much higher. >> how many days, if you add headline that monty was thinking about, going out and bursceloni was thinking about coming back. follow me on twitter. and "power lunch" begins right now. >> halftime is over. "power lunch" and second half of the trading day starts right now. >> and here we are. welcome to "power lunch." as you can see, we are beth here on the floor of the new york stock exchange. and stocks are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do if there is a debt deal before year-end or shortly the
. >> that's because the underlying economy is improving. now you get china. if europe can stabilize, i think we can go much higher. >> how many days, if you add headline that monty was thinking about, going out and bursceloni was thinking about coming back. follow me on twitter. and "power lunch" begins right now. >> halftime is over. "power lunch" and second half of the trading day starts right now. >> and here we are. welcome to "power...